Latest Ratios: P/E Ratio -2.7x · EV/EBITDA N/A · ROE -22.6%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $17M | $18M | $16M | $20M | — | — | — |
| Enterprise Value | $13M | $14M | $9M | $6M | — | — | — |
| P/E Ratio → | -2.68 | — | — | — | — | — | — |
| P/S Ratio | 0.67 | 0.72 | 0.43 | 0.43 | — | — | — |
| P/B Ratio | 0.68 | 0.73 | 0.53 | 0.49 | — | — | — |
| P/FCF | — | — | — | 2.49 | — | — | — |
| P/OCF | — | — | — | 2.43 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.55 | 0.24 | 0.13 | — | — | — |
| EV / EBITDA | — | — | — | 9.19 | — | — | — |
| EV / EBIT | — | — | — | 22.54 | — | — | — |
| EV / FCF | — | — | — | 0.72 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 17.8% | 17.8% | 21.6% | 19.9% | 24.6% | 26.9% | 28.1% |
| Operating Margin | -23.7% | -23.7% | -18.0% | -2.4% | 8.4% | 7.9% | 9.0% |
| Net Profit Margin | -24.9% | -24.9% | -22.8% | -0.8% | 6.2% | 5.7% | 6.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -22.6% | -22.6% | -24.7% | -0.9% | 11.6% | 13.3% | 16.2% |
| ROA | -15.8% | -15.8% | -17.1% | -0.6% | 5.9% | 5.0% | 5.4% |
| ROIC | -20.2% | -20.2% | -20.8% | -2.5% | 12.3% | 14.5% | 17.7% |
| ROCE | -21.3% | -21.3% | -19.4% | -2.7% | 15.5% | 18.2% | 22.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.20 | 0.34 | 0.42 | 0.67 | 0.89 |
| Debt / EBITDA | — | — | — | 21.94 | 2.24 | 2.82 | 2.90 |
| Net Debt / Equity | — | -0.17 | -0.23 | -0.35 | -0.05 | -0.03 | -0.06 |
| Net Debt / EBITDA | — | — | — | -22.54 | -0.28 | -0.12 | -0.21 |
| Debt / FCF | — | — | — | -1.77 | -1.41 | -0.21 | -0.84 |
| Interest Coverage | -15.99 | -15.99 | -7.93 | 0.37 | 12.68 | 11.04 | 10.37 |
Net cash position: cash ($11M) exceeds total debt ($7M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.87 | 1.87 | 2.29 | 2.33 | 1.87 | 1.27 | 1.06 |
| Quick Ratio | 1.73 | 1.73 | 1.98 | 2.04 | 1.49 | 1.04 | 0.90 |
| Cash Ratio | 0.97 | 0.97 | 1.10 | 1.44 | 0.73 | 0.52 | 0.48 |
| Asset Turnover | — | 0.70 | 0.88 | 0.77 | 1.00 | 0.89 | 0.82 |
| Inventory Turnover | 13.54 | 13.54 | 8.14 | 6.57 | 5.09 | 4.87 | 5.82 |
| Days Sales Outstanding | — | 114.00 | 92.94 | 84.24 | 99.79 | 115.78 | 122.31 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | 217.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 40.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $11M | $11M | $10M | $11M | $11M | $25M |
Severe revenue concentration risk
According to recent market data, MGIH trades at a price-to-book ratio of 0.68, which, as reported in financial statements, suggests that investors are pricing the company below its net asset value, likely discounting the firm's ability to return to profitability in the near term.
The negative P/E ratio of -2.68 confirms that the market has largely abandoned earnings-based valuation models in favor of a liquidation-focused approach. This valuation gap implies that the market views the company's current manufacturing footprint as a liability rather than a productive asset, warranting further investigation into whether the cash-heavy balance sheet provides a true floor for the stock price.
Based on historical performance data, the company's ROIC has deteriorated from a positive 7.9% in 2022Q2 to a negative 11.4% in 2025Q4, indicating that the firm is currently destroying shareholder value rather than compounding it through its existing manufacturing investments.
The sharp decline in return on invested capital suggests that the company's capital allocation strategy has failed to adapt to the structural revenue contraction. Investors should monitor whether management can rationalize the asset base, as the current negative returns indicate that the capital deployed in Vietnam and China is no longer generating sufficient economic profit to justify its maintenance.
As reported in recent quarterly filings, the cash conversion cycle has fluctuated significantly, reaching 53 days in 2025Q4, which, when compared to historical norms, suggests that the company is struggling to maintain consistent efficiency in its inventory and receivable turnover processes.
The volatility in the cash conversion cycle appears to be driven by the company's inability to align its production schedules with the erratic demand from its core smartphone and footwear clients. This inefficiency, combined with a DSO of 74 days, indicates that the company may be granting overly generous credit terms to retain key customers, which further strains its already limited liquidity.
Based on the most recent balance sheet, the company maintains a current ratio of 1.87, which, as noted in financial disclosures, provides a temporary liquidity buffer, though this is increasingly offset by the persistent operational cash burn observed in recent quarters.
While the current ratio appears healthy, the reliance on a $10.7M cash pile to fund ongoing losses suggests that the company's liquidity position is not sustainable in the long run. Investors should monitor the rate of cash depletion, as the current liquidity profile may provide a false sense of security if the company fails to achieve a break-even operating margin.
The price-to-book ratio is the most commonly misapplied metric for MGIH, as it obscures the reality that the company's fixed assets may be subject to significant impairment charges if the current revenue contraction continues to erode the firm's long-term operational viability.
Relying on P/B ignores the fact that specialized packaging equipment often has limited resale value outside of the industry, making the book value a potentially unreliable floor. Analysts should instead focus on the cash-to-burn ratio to determine the actual runway, as the company's ability to survive is more dependent on its liquid reserves than the accounting value of its manufacturing facilities.
Includes 30+ ratios · 6 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MGIH stock.
Millennium Group International Holdings Limited's current P/E ratio is -2.7x. This places it at the 50th percentile of its historical range.
Millennium Group International Holdings Limited's return on equity (ROE) is -22.6%. The historical average is -1.2%.
Based on historical data, Millennium Group International Holdings Limited is trading at a P/E of -2.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Millennium Group International Holdings Limited has 17.8% gross margin and -23.7% operating margin.